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of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent two years telling us that tax cuts are all you need to stimulate the economy. is that wrong? >> absolutely wrong. supply side economics is bunk. we have seen historically not only when bill clinton raised taxes the economy did very well. george w. bush in 2001, 2003, cut taxes and the economy did very badly and then ultimately went really over a cliff in 2008. or more evidence for the first three decades after the second world war in the united states, the top tax rate never fell below 70% under dwight d. eisenhower, president eisenhower -- >> and yet professor, we have heard paul ryan, the so-called budget policy wonk of the house, repeatedly tell us that what we need to do is cut taxes and the economy does great. >> well, that's just simply not true. we had an election. most of the americans obviously did not believe that nonsense, and it is absolutely nonsense. there's no correlation at all between tax rates on the very top and the economy doing worse or for that matter doing much better. but here we have a hug
Search Results 0 to 1 of about 2 (some duplicates have been removed)

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